Welcome to the 6th edition of the Global Forum on Responsible Business Conduct. I am delighted to see so many leaders and experts from all over the world, from the public and private sectors, international organisations and civil society. Your presence is a testament of our shared engagement to deliver open and level playing fields, which put competition, integrity and responsibility at their heart.
The OECD is proud to support the implementation of the G20 Compact with Africa as a partner institution.
Despite these glimmerings of hope, the multilateral system is under strain and governments around the world are facing a public backlash against globalisation, open markets and trade. This is partly due to a lack of trust in the international system and partly because the benefits of globalisation have not been evenly distributed across all peoples and regions.
I would like to start by congratulating the Argentinian Presidency for developing the Roadmap to Infrastructure as an Asset Class. The OECD strongly supports its proposed areas of focus, which recognise previous G20 work and OECD contributions
The APEC membership, comprising many dynamic emerging economies, shares the common challenge of meeting growing expectations from a young workforce with increasing appetites for new and better infrastructure services.
I am delighted to open the 5th edition of the Global Forum on Responsible Business Conduct, and to welcome so many leaders and experts from all over the world, from the public and private sectors, international organisations and civil society.
As you probably know, the OECD Code of Liberalisation of Capital Movements is the sole multilateral agreement among state parties, signed by 34 OECD and 12 G20 members, aimed at ensuring openness, accountability and transparency in cross-border capital flow policies.
Good morning everyone. It is a pleasure for me to be here today to launch the 2016 OECD Pensions Outlook. I’m glad to see great friends and experts on one of the defining issues of our era. Good to see Phyllis Borzi and Ambrogio Rinaldi with us today.
We are all brought together by the collective global project to transform our economies, still hard-wired around fossil fuels, into green, low-emissions and climate-resilient economies. This is a huge challenge. It requires massive leadership, and well-aligned policies across government, as well as the scaling up of green finance. Given the scale of this investment, the role of finance is critical.
Global investment flows are picking up, standing at about 16% below their pre-crisis level. However, FDI flows to the MENA region continue to lag. Regional instability and insecurity has contributed to a fall of more than 50% between 2008 and 2015!